Just as people started gearing up for times reminiscent of a pre-pandemic world folks were stunned by the economic swing that has some holding on for dear life, literally, while others are watching for the uptick to take a leap into opportunities and increase their fortunes. We at Beck-Reit thought it would be helpful to compile some noteworthy East Austin news for our community of small businesses, owners, and investors. So, here’s what’s been happening in our neck of the woods!

Beck-Reit aims to delve into the unraveling saga of StoryBuilt, exploring the company's rise, fall, legal battles, and the implications for the communities it has under construction. With over 14 of the projects underway we can expect the impact to be felt and there will be many that benefit from the opportunity. But not thier customers they made promises to in an Austin Business Journal Article in 2022 “We then saw the opportunities to expand beyond just acquisition and development and homebuilding and make sure we were managing our customers and properties for life.”

DeLea Becker and Mark Vornberg met for the first time in 2017 for lunch at an old-school dinner in East Austin - Chu-Mikals. Excited to announce our first Partnership in a Commercial Real Estate Development together. 2422 East 7th - 50,000 SF Office and Retail Building in their beloved neighborhood - East Austin

Beck-Reit is no stranger to 1031 exchanges. In fact, you may call us the 1031 experts. In 2022 we closed two 1031 exchanges, and have never failed. The rigorous timeline to identify a property to purchase before Uncle Sam tries to swoop in and grab his “share” can be intimidating for most, but our meticulous process makes every one of those 45 days of the identification period count.

3110 S. Lamar Austin, TX 78704 is now a part of Beck-Reit Commercial Real Estate’s portfolio. Secured in a 1031 Exchange | Off-Market Deal. This Advanced Autoparts is situated on one of the most desirable streets in Austin. The current lease gives time for entitlement and development plans (3 year + process in Austin) so we will be poised with the Demolition Permit the day the lease ends.

Beck-Reit Commercial Real Estate listed The Cat Noir Hotel on September 1st, 2021. We had multiple offers in less than 24 hours & within a week the property was under contract…. after a bidding war that drove the price above asking.

It started when DeLea and Mark met for the 1st time for breakfast at Chumikals in 2017 (a favorite East Austin Joint for both) and the breakfast stretched into lunch. A couple of days later the property was toured and under contract - the rest is Award-Winning History!

The inspiring architects at Dick Clark & Associates have been rightfully recognized for their incredible office design at 2120 E 7th St - winning the Austin Business Journal’s 2021 CRE award for Best Office Rehab.

Originally an 80s pawnshop, 2120 E 7th was built like a concrete bunker with just one window and no insulation or even air conditioning for most of the space. DCA’s ground up design and construction has transformed the site into an eye-catching functional space perfect for creative office and retail needs.

Beck-Reit’s Previous Office Will Be Razed for Mixed-Use Development

Beck-Reit & Sons Construction performed a gut renovation at 2131 Theo between 2014-2016, an adaptive reuse project that turned the aging auto repair shop into a 5-unit creative office space with shared conference room, kitchen, and lobby. The finished project was managed by Beck-Reit Asset Management and leased by Beck-Reit Commercial Real Estate until 2020, when the developers came knocking with an offer we couldn’t refuse.

Jim Rourke

Jim joined Beck-Reit at the early onset of Pandemic in 2020, and quickly put together a prominent assemblage play of 4 properties on South Lamar.

6 years ago, Beck-Reit sold one of our mixed-use propertys in East Austin and did a 1031 exchange into 2 properties. 1 was a Ferrari Repair Shop on Theo Dr. off Airport Blvd near The Mueller Development. Our full redevelopment transformed the space into 5 unique creative office spaces with a shared kitchen common area and conference room. Now, just 6 years later, the property has been picked up by Cumby Development as the last piece of a new multi-family development getting ready to break ground.

WHAT YOU NEED TO KNOW

Austin Floodplain Maps Are  Expanding -

Swallowing another 3,000 Austin Properties!

Austin is known to be an uphill battle ground when trying to manage your property rights and renovate, redevelop, or start from ground up.  NOW, it's getting tougher.

The City of Austin released their second draft of the long awaited and largely controversial CodeNEXT zoning revisions last Friday, September 15th. The draft comes in response to the first round of comments and suggestions from the community, and mayor Steve Adler urged critics to continue engaging in the revision process in order to make the third draft more representative of the city's needs.